Estimate of People of All Ages in Poverty in Maryland
PEAAMD24000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
585,097.00
Year-over-Year Change
0.66%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the estimated number of people of all ages living in poverty in the state of Maryland. Understanding poverty levels is crucial for policymakers and economists to assess economic well-being and target social programs effectively.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Estimate of People of All Ages in Poverty in Maryland tracks the total number of individuals living below the federal poverty line in the state. This metric is an important indicator of the socioeconomic conditions and distribution of income within Maryland's population.
Methodology
The data is collected through the U.S. Census Bureau's annual American Community Survey.
Historical Context
Poverty statistics are used by government agencies, nonprofits, and researchers to inform policy decisions and resource allocation.
Key Facts
- Maryland's poverty rate was 9.9% in 2021.
- Poverty disproportionately affects children and the elderly in Maryland.
- Poverty levels vary significantly by region within the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people of all ages living below the federal poverty line in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: Poverty statistics are crucial for understanding economic well-being, guiding social programs, and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual American Community Survey.
Q: How is this trend used in economic policy?
A: Poverty data is used by government agencies, nonprofits, and researchers to target resources and develop policies to address economic disparities.
Q: Are there update delays or limitations?
A: The American Community Survey data is subject to sampling error and may have a 1-2 year delay in reporting.
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Citation
U.S. Federal Reserve, Estimate of People of All Ages in Poverty in Maryland (PEAAMD24000A647NCEN), retrieved from FRED.